Tanzanian billionaire Mohammed Dewji says he would invest $100 million in Aliko Dangote’s planned $17 billion oil refinery on Africa’s east coast, modeled on the 700,000 barrel-per-day Dangote Refinery in Nigeria. The facility, which would become the continent’s second-largest upon completion, will be built in Kenya’s coastal town of Lamu, though Tanzania was originally considered as a possible site. Dewji said he still favors his home country as the project’s location, but remains open to investing if it proceeds in Kenya. He said he has not yet discussed the proposal with Dangote but plans to do so. Meanwhile, a Dangote executive confirmed the project has attracted significant investor interest.
Bloomberg